News Headline Summary

Lynas Corp (LYC AT) says the journey has been long and will have a very strong balance sheet after capital raising


- Phase 2 construction is now 76% complete.
- Moving towards full production capacity by H2 CY 2013.
- First sales from Malaysia plant in Q1 2013.

Reaction details (23:06)

- Co. shares rise 3.9% to AUD 0.66 in Sydney.

19 Nov 2012 - 22:15 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: